How is the WeWork Founder Still Rich?!

Comments · 649

• SL

  @slidebean · 2 years ago (edited) · pinned

  Join the Startup Club 🕶 📧 - Get a bi-weekly digest of startup news (and the new Adam Newmann&apos;s of the world). <br>Subscribe Free &nbsp;►<a href="https://yt.slidebean.com/fpf">https://yt.slidebean.com/fpf</a>

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• SO

  @soumen_das · 2 years ago

  Can we have series of successfull founders who had integrity?

  1.3K

• MY

  @myusername5 · 2 years ago

  My favorite part of the movie was when he said, &quot;It&apos;s scamming time!&quot;

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• HA

  @HabitualLine-Stepper · 2 years ago

  Adam Neumann was made a billionaire for being investors&apos; idea of a founder...just like Kim Kardashian was made a millionaire for being network TV&apos;s idea of a celebrity.

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• AN

  @andre-le-bone-aparte · 2 years ago

  Hot Take: Don&apos;t be like Adam Neumann... be like Ben Chestnut (MailChimp Co-Founder) &nbsp;who didn&apos;t raise ANY outside funding and still managed to sell the company to Intuit for around $12 Billion

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• DI

  @dimplesd8931 · 2 years ago

  Adam is now “revolutionizing” housing/renting an apartment with his new company “flow”. It’s basically super expensive rent to own but with “culture and fun”. He’s already raised a gagillion dollars 😑😑😑

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• KA

  @karachaffee3343 · 2 years ago

  The &nbsp;modern corporate strategy is to pay all the important people up front as the business is initially capitalized . Then investor money is used to buy a market share for a few years. The business never really turns a profit and it collapses. But the founders and any investment bankers involved walked away with the money--years earlier.

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• OR

  @OrangePillarPod · 2 years ago

  bro sold his stock. boom saved you 20 minutes

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• VI

  @Viviko · 2 years ago

  I’m not sure Amazon is a good example of this “burning money” concept you speak of. I could be wrong. But, Amazon’s economics actually made sense. They were just reinvesting in the company instead of returning money to investors immediately. <br><br>Many companies today have economics that don’t make any sense.

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• JA

  @JackOHaraEngineering · 2 years ago

  $47b is so fucking stupid it is mind boggling. Literally just sub leasing office space, 47 billion.

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• SE

  @Seanpfree · 2 years ago

  That is how our whole economy works. Limited liability. Start a company, borrow money, pay yourself &nbsp;and investors obscenely while paying workers minimally, walk away rich before it goes completely under.

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• _C

  @_CoachW · 2 years ago

  I worked in SoCal for 15 years, through corporate wellness contracts I got exposed to a few charismatic leaders. &nbsp;It is truly impressive and hard to explain the effect these people have. &nbsp;Even when you know it&apos;s BS... it&apos;s a bit unsettling honestly.

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